William Eichler 17 March 2017

East Midlands devolution deal announced

East Midlands devolution deal announced image

The communities secretary yesterday announced a new devolution deal for Cambridgeshire and Peterborough which will see millions of pounds worth of investment in the region.

The deal, announced by Sajid Javid during a trip to Wisbech, included a new mayor, who will be elected on 4 May, and control over an investment fund of £20m per annum over the next 30 years.

It also included new powers to manage housing and planning across the region. The East Midlands area will receive £100m from the Housing Investment Fund and an additional £70m ring-fenced for Cambridge City to meet its housing needs.

Transport budget and powers will also be devolved, as well as new powers over skills and in particular responsibility for the adult education budget in the region.

‘The people of Cambridgeshire and Peterborough came up with an ambitious devolution deal which puts them in charge of decisions that matter to them,’ said Mr Javid.

‘This multi-million pound investment into the region is proof that we’re backing Cambridgeshire and Peterborough with the resources they need.

‘With powers over transport, skills and housing all coming to the area, I’d urge residents to head to the polls on 4 May and vote for their new mayor.’

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